RedotPay, a fintech specialising in stablecoin-based payments, has closed a US$47 million strategic investment round.

The funding included new participation from Coinbase Ventures and a global technology entrepreneur, alongside increased commitments from Galaxy Ventures and Vertex Ventures.

With this milestone, RedotPay joins the ranks of fintech companies valued at over US$1 billion.

In March, the company secured a US$40 million Series A funding.

“Our mission has always been to make digital finance accessible, secure, and efficient for everyone,”

said Michael Gao, Co-Founder and Chief Executive of RedotPay.

“Having Coinbase Ventures join us, along with the continued support from Galaxy Ventures and Vertex Ventures, validates the progress we’ve made and the confidence investors have in our vision. Their global expertise across both crypto and fintech will help us accelerate growth, strengthen compliance, and expand access to the broader blockchain ecosystem worldwide.”

The company’s services include stablecoin-linked payment cards, multi-currency wallets, and global payout solutions.

These integrate stablecoin technology with existing payment networks.

According to RedotPay, this has contributed to its growth to more than 5 million users and an annualised total payments volume of US$10 billion within two years.

The firm has also sought to increase access to payment services in underserved regions.

RedotPay stated it will continue developing global payment corridors in collaboration with banks, payment networks, and other industry participants.

The company is also focusing on compliance and regulatory licensing as it expands internationally.

Founded in April 2023, RedotPay operates in more than 100 markets.

Its Global Payout feature, introduced in June 2025, enables users to transfer stablecoins and cryptocurrencies directly to local bank accounts or e-wallets, and has seen adoption in emerging markets including Latin America.

Featured image credit: RedotPay